Which of the following is the last step in the daily control over cash receipts by mail?
A)The accounting department prepares journal entries to cash and the customers' accounts.
B)The controller compares the records of the day's control total from the mailroom, the bank deposit amount from the cashier and the debit to cash from the accounting department.
C)A mailroom employee sends all customer cheques to the treasurer who has the cashier make the bank deposit.
D)A mailroom clerk opens the mail and sends the remittance advices to the accounting department.

Question

Quizplus · Accepted Answer

The last step involves the controller comparing records to ensure that all cash receipts are accurately accounted for and recorded, ensuring internal control and accuracy in financial reporting.

Which of the Following Is the Last Step in the Daily